Real-Time Payments Gateway


Real-Time Card


What is Real-Time Card

Real-Time Payments is an exciting new service brought about by the Faster Payments Initiative of the FedNow US Federal Reserve providing payments that are instant, final and secure. FedNow, Real-Time Card and Real-Time instant payments, are defined simply as: Irrevocably collected funds in a bank account and usable immediately by the owner of the account. Our "Good Funds" payment gateway allows for instant real-time digital payments that are immediate, irrevocable, intra-bank and/or interbank account-to-account (A2A) transfers that utilize a real-time and text messaging system connected to every transaction participant through all U.S.-based financial institutions.

Integrating Real-Time Card POS (Point of Sale) systems offers significant benefits for merchants and payees. Here's how merchants and payees can benefit from using Real-Time Card POS with the integration through SecureQBPlugin.com and QuickBooks Online (QBO) and QuickBooks Enterprise.

Benefits and Features for Merchants/Payees

1. Instant Payment Processing

  • Immediate Fund Availability: Payments are processed in real-time, ensuring that funds are immediately available for the merchant, improving cash flow.
  • Reduced Wait Times: Eliminates the delay associated with traditional card processing methods, where funds might take several days to clear.

2. Enhanced Security

  • Data Encryption: Ensures that all transactions are encrypted, reducing the risk of fraud and protecting sensitive card information.
  • Compliance with Regulations: Adheres to industry standards and regulations, providing an added layer of security and trust.

3. Improved Customer Experience

  • Fast Transactions: Customers benefit from quick and efficient payment processing, reducing wait times at checkout.
  • Convenient Payment Options: Supports multiple card types and contactless payments, offering greater convenience to customers.

4. Financial Management and Reconciliation

  • Automatic Reconciliation: Integrates seamlessly with QuickBooks Online and QuickBooks Enterprise, allowing for automatic reconciliation of transactions, reducing manual errors.
  • Real-Time Cash Flow Management: Provides up-to-date information on cash flow, aiding in better financial planning and decision-making.

5. Cost Savings

  • Lower Transaction Fees: Potentially lower fees compared to traditional credit card processing, as real-time transactions can reduce intermediary costs.
  • Reduced Administrative Costs: Automation reduces the time and cost associated with manual payment processing and reconciliation.

6. Versatility and Flexibility

  • Multiple Payment Methods: Supports various card types, including credit, debit, and contactless payments.
  • Seamless Integration: Easily integrates with existing POS systems and QuickBooks, providing a streamlined payment process.

7. Competitive Advantage

  • Modern Payment Solutions: Offering real-time payments can attract tech-savvy customers and set the business apart from competitors.
  • Enhanced Reputation: Providing cutting-edge payment solutions can enhance the merchant’s reputation and customer trust.

Example Implementation

  1. Enroll in FedNow Service:
    • Merchant signs up on SecureQBPlugin.com and completes FedNow enrollment.
  2. Integrate Real-Time Card POS:
    • Use SecureQBPlugin.com’s API to integrate with your POS system.
    • Ensure that the POS system supports real-time card processing.
  3. Configure QuickBooks Integration:
    • Set up QuickBooks Online or QuickBooks Enterprise to automatically reconcile real-time card transactions.
    • Link the POS system with QuickBooks for seamless data transfer.
  4. Enable Real-Time Card Payments:
    • Configure the POS system to offer real-time card payment options at checkout.
    • Train staff to handle real-time card transactions efficiently.
  5. Monitor and Reconcile Payments:
    • Use SecureQBPlugin.com dashboard for real-time notifications and payment tracking.
    • Automatically reconcile payments in QuickBooks.
  6. Ensure Security:
    • Implement data encryption for all transactions.
    • Ensure compliance with financial regulations.
  7. Support and Communication:
    • Provide detailed instructions and support for customers.
    • Set up automated notifications for payment confirmations.

Conclusion

By integrating Real-Time Card POS with QuickBooks Online and QuickBooks Enterprise through SecureQBPlugin.com, merchants and payees can enjoy numerous benefits. These include improved cash flow, enhanced security, better customer satisfaction, and significant cost savings. This modern payment solution provides a competitive edge and supports efficient financial management.

Features & Benefits

FedNow instant payments has benefits for all parties involved in Financial Transactions.
Benefits to your company include:
Text Mobile Request for Real-Time Payment Money Transfer: Current limit of $500,000.
It's Final: All RTP and Instant Payments are Final & Irrevocable.
It's Fast: 24/7/365 access to funds anytime vs. several days for paper checks or ACH transfers to process.
Request for Payments ( RfP ): Mobile & Online Real-Time Bill Payments.
Software Integration: Integrate your A/R & A/P Management or Enterprise software with us.
Message Detail: Full 145 characters available using ISO 20022 messaging XML format.
Online Down Payments: Don't use inconvenient and expensive Wires & Cashier's Checks.
Online Real-Time Reporting: Configured Dashboard with Virtual Terminal login.
Reduced calls / emails in the "Purchasing Chain": All parties to a instant payment transaction receive immediately text & email messaging.  The FedNow and RTP Systems enables Participants to initiate credit transfers, receive final and irrevocable settlement for credit transfers, and make available to Receivers funds associated with such credit transfers in real-time, twenty-four (24) hours a day, seven (7) days a week, fifty-two (52) weeks a year. All instant payments are "Credit Push" instead of "Debit Pull."

Creation Request for Payment Bank File

Call us, the .csv and or .xml FedNow or Request for Payment (RfP) file you need while on your 1st phone call! We guarantee our reports work to your Bank and Credit Union. We were years ahead of competitors recognizing the benefits of RequestForPayment.com. We are not a Bank. Our function as a role as an "Accounting System" in Open Banking with Real-Time Payments to work with Billers to create the Request for Payment to upload the Biller's Bank online platform. U.S. Companies need help to learn the RfP message delivering their bank. Today Payments' ISO 20022 Payment Initiation (PAIN .013) shows how to implement Create Real-Time Payments Request for Payment File up front delivering a message from the Creditor (Payee) to it's bank. Most banks (FIs) will deliver the message Import and Batch files for their company depositors for both FedNow and Real-Time Payments (RtP). Once uploaded correctly, the Creditor's (Payee's) bank continues through a "Payment Hub", will be the RtP Hub will be The Clearing House, with messaging to the Debtor's (Payer's) bank. Request for Payment

... easily create Real-Time Payments RfP files. No risk. Test with your bank and delete "test" files before APPROVAL on your Bank's Online Payments Platform. Today Payments is a leader in the evolution of immediate payments. We were years ahead of competitors recognizing the benefits of Same-Day ACH and Real-Time Payments funding. Our business clients receive faster availability of funds on deposited items and instant notification of items presented for deposit all based on real-time activity. Dedicated to providing superior customer service and industry-leading technology.

Pricing with our Request For Payment Solutions

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 1) Free ISO 20022 Request for Payment File Formats, for FedNow and Real-Time Payments (The Clearing House) .pdf for you manually create "Mandatory" (Mandatory .csv or .xml data for completed ISO 20022 file) fields, start at page 4, with "yellow" highlighting. $0.0 + No Support


2) We create .csv or .xml formatting files using your Bank or Credit Union. Using your invoice information database to create an existing Accounts Receivable file, we CLEAN, FORMAT to FEDNOW or Real-Time Payments into CSV or XML. Create Multiple Templates. You can upload or "key data" into our software for File Creation of "Mandatory" general file. Use either the Routing Number and Account Number for your Customers or use "Alias" name via Mobile Cell Phone and / or Email address.

Fees = $57 monthly, including Activation, Support Fees and Batch Fee, Monthly Fee, User Fee. We add your URI for each separate Payer transaction for additional Payment Methods on "Hosted Payment Page" (Request for file with an HTML link per transaction to "Hosted Payment Page" with ancillary payment methods of FedNow, RTP, ACH, Cards and many more!) + $.03 per Transaction + 1% percentage on gross dollar file,


3) Add integrating QuickBooks Online "QBO" using FedNow Real-time Payment using our Real-Time Card system.

Fees Above 2) plus $29 monthly additional QuickBooks Online "QBO" formatting, and "Hosted Payment Page" and WYSIWYG


4) Above 3) plus Create "Total" (over 600 Mandatory, Conditional & Optional fields of all ISO 20022 Pain .013) Price on quote.

Each day, thousands of businesses around the country are turning their transactions into profit with real-time payment solutions like ours.


Contact Us for Real-time Payments processing